28401 Property Tax Rate

Property owners in ZIP code 28401 (Wilmington, North Carolina) pay a median of $1,613/year in property taxes on homes valued at $263,000. This translates to an effective tax rate of 0.61%, which is 14% below the North Carolina state average of 0.71%.

The monthly property tax burden for a median-valued home in 28401 is approximately $134, which factors into escrow payments on mortgages. This ZIP code is located within New Hanover County.

Compared to similar ZIP codes in North Carolina, 28401 has lower property taxes. ZIP codes with similar effective rates include 28730 (0.61%) and 27865 (0.61%).

In Wilmington, property taxes represent approximately 3.1% of the median household income of $52,159, providing context for the relative tax burden on homeowners in this area.

North Carolina revalues property every four years at market value; your assessed value will reset to the purchase price at the next countywide revaluation. New Hanover County offers a Homestead Property Tax Exclusion ($20,000–$25,000 depending on age 65+, disability, or widow status) — apply through the New Hanover County Tax Assessor's office and verify income limits. File your homestead exemption with the New Hanover County Tax Assessor before your first bill to ensure the benefit applies.